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20130318
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roth, and on the fundamentals, john stevenson is with first asset investment management. gentleman, good to see you. now lululemon has been a very good performer for a long time. rich, let's start with the chart. how due the lululemon chart look to you? >> maria, the stock is absolutely not a buy on today's breakdown. in fact, it's a very strong sell. look, even coming into today, the stock has been lagging the broader market. you were down 13% on a year-to-date basis. you see, we've been mired in this well-defined seven-month trading range, bounded by 77 on the high end, 65 on the low end. today we take out that critical low end support at 65. that projects critical downside from $53. you want to sell it right here. >> wow, john, you agree with that? >> oh, absolutely not. this is a great buying opportunity. the problems of today are short-term, they're supplier related. this is a company with absolutely -- that's absolutely transformed the whole athleticwear business. it's fashionable, it's durable, it wears really well, it's worth the premium. this is growing incredibly fast. it
banks and right now. and cit group chairman and ceo john thain reacts to the rumor that will not go away. namely that his company has been shopping for a suitor. john will try and lay those fears aside once again, those rumors. >> a look at where we stand as we approach this final stretch, final hour of the day. dow jones industrial down about 26 points. had been down 110. we are well off of the lows. nasdaq looks like this. also pretty volatile in the afternoon here. as you can see, it is down about five points at 3243. s&p 500 really similar move here. down five points. equities showing great resilience, pushing back from a triple digit loss today. will the crisis abroad keep the markets in jeopardy? >> you had to be named steve to be on the panel today for the most part. steven water from russell investments, steve sacks. steve liesman is with us. and then there's that guy santelli who joins us daily as well. dr. wood, are we making too much of this? over the weekend we were all convinced that the markets were going to be slammed today. they were in asia overnight. then things allayed
, what about the fundamentals. who do you like better? >> bill, john laid out some great charts there, but ask any pirate. there's a lot of great charts sitting on the bottom of the ocean. and it really feels, bill, it's really not put in a bottom. even after this recent buoy, we're flat on the month. there's no momentum in this stock and it hasn't found a bottom. we're really looking for it to go down, because at the end of the day, bill, this whole broader index, all-time highs in about every index, we are seeing apple struggling for its life. therefore, when we do see a market correction, apple will go back down to 400. >> but do you like blackberry? >> i do like blackberry. i like the trade momentum here. we're seeing this big move, about 30% even with the way blackberry sold off, due to the fact they don't have the pizazz you would see out of google, but i like the momentum for blackberry. >> jeff, if i could jump in here, the seasonalities the for apple are very strong right now. if you look over the last seven years, apple has been positive in april six out of those last seven
Search Results 0 to 2 of about 3